ChainCatcher reported that Unitree Robotics (688836), billed as China’s first humanoid robot stock, made its debut on the STAR Market today. The stock opened at RMB 1,100.00, up 629.44% from the offering price of RMB 150.80, and briefly pushed the company’s market value to RMB 444.9 billion. It later eased to RMB 882.22, trimming the gain to 485.03% and valuing the company at about RMB 356.827 billion at the time of the report.
Trading was active from the start. Turnover reached 61.90%, while成交额 hit RMB 17.159 billion. Based on the opening price, a winning allotment of 500 shares would have shown an unrealized gain of roughly RMB 474,600.
The company sold 40.4464 million shares in the offering, raising about RMB 6.1 billion. The issue priced at 219.23 times earnings.
Unitree Robotics opens far above its offer price
ChainCatcher reported that Unitree Robotics (688836), described as China’s first humanoid robot stock, listed on the STAR Market today. The shares opened at RMB 1,100.00, a 629.44% gain from the offering price of RMB 150.80.
At the opening price, the company’s market value briefly reached RMB 444.9 billion.
Shares ease after the first print
The stock then moved lower. By the time of the report, it was trading at RMB 882.22, leaving the gain at 485.03% and putting the market value at about RMB 356.827 billion.
Turnover stood at 61.90%, with trading value at RMB 17.159 billion.
Offering size and paper gain
Unitree Robotics sold 40.4464 million shares in the public offering and raised about RMB 6.1 billion. The deal was priced at 219.23 times earnings.
Based on the opening price, one winning allotment of 500 shares would have shown an unrealized gain of roughly RMB 474,600.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
